SOLD
RECENT ADVICE
Sold on 16 May 2024 - Price Unavailable

32-34 Riddell Road
Wantirna South VIC 3152

Bedrooms: -
Bathrooms: -
Car spaces: 21
Floor area: 370m2
Land area: 2090m2
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Property Details for 32-34 Riddell Rd, Wantirna South

Building Type
Commercial
Floor Size
370m2
Land Size
2090m2
Local Government
Knox
Lot/Plan
2A/SP23449

Last Listing description (May 2024)

This is a rare opportunity to acquire a large land holding with an existing freehold medical facility.

It is hard to find in a very tightly held pocket of Melbourne's East.

• Two entry options

• Operational for 40+ years
• Hard to find Neighbourhood Residential Zone (NRZ)
• Multiple uses for the site (STCA)
• Offered with Vacant Possession
• Car Parking + doctor parking at front
• Extremely hard to find in this precinct

The centre has enjoyed nearly continuous Allied Health & General Practice occupation for over 40 years. A versatile offering underpinned by a strong landholding on the boundary of Glen Waverley, Knox, Scoresby and Wantirna.

Centres like this are supported by the local demographic, with spaces becoming harder and harder to find. Undoubtedly, this is a significant 'warm start' for any buyer.

The property is basically walking distance to Westfield Knox/ Burwood Highway and a straight 3km to Eastlink. An opportunity for owner occupiers and astute investors or even developers - this is one with so many exit strategies it cannot be overlooked.

Call the exclusive team at RWC for more information or an inspection!

Ryan Trickey at 0400 380 438 or Will Jonas at 0422 883 011

*All areas and figures approx only. All boundaries are indicative only. All precautions have been taken to establish the accuracy of all information, but this does not constitute any representation by the Vendor or Agents.

Property History for 32-34 Riddell Rd, Wantirna South, VIC 3152

A timeline of how this property has performed in the market
Last Sold
16 May 2024
  • 16 May 2024
    Sold
  • 11 Apr 2024
    Listed for Sale Auction - Will Be Sold Thursday

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About Wantirna South 3152

The size of Wantirna South is approximately 14.1 square kilometres. It has 47 parks covering nearly 17.5% of total area. The population of Wantirna South in 2011 was 17,477 people. By 2016 the population was 19,288 showing a population growth of 10.4% in the area during that time. The predominant age group in Wantirna South is 50-59 years. Households in Wantirna South are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wantirna South work in a professional occupation. In 2011, 79.4% of the homes in Wantirna South were owner-occupied compared with 75.3% in 2016.

Wantirna South has 9,618 properties. Over the last 5 years, Houses in Wantirna South have seen a 30.89% increase in median value, while Units have seen a 21.62% increase. As at 31 August 2024:

  • The median value for Houses in Wantirna South is $1,228,181 while the median value for Units is $578,750.
  • Houses have a median rent of $620 while Units have a median rent of $560.
There are currently 45 properties listed for sale, and 8 properties listed for rent in Wantirna south on OnTheHouse. According to CoreLogic's data, 314 properties were sold in the past 12 months in Wantirna south.

Suburb Insights for Wantirna South 3152

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Contact agent
Ryan Trickey
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Will Jonas
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RWC Glen Waverley
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.